In the international insurance market, the national insurance organizations have developed their own insurance policy. However, the most widely used is the London Insurers Association developed the "terms of Institute Cargo" (Institute Cargo Clause; abbreviated ICC)
China's enterprises on CIF or CIP terms of exports, generally based on "China's insurance policy," insured, but if the foreign according to customer requirements, "Institute Cargo clauses" insurance, is generally acceptable.
"Institute Cargo clauses" of the existing provisions on January 1, 1982 amendments to the total of six kinds of risks do not, they are:
(1) Institute Cargo clause (A) [referred to as ICC (A)];
(2) Institute Cargo Terms (B) [referred to as ICC (B)];
(3) Institute Cargo clause (C) [referred to as ICC (C)];
(4) Association Terms of war risk insurance (Cargo) (IWCC);
(5) Institute Strikes Clauses ( Cargo) (ISCC);
(6) Malicious Damage (Malicious Damage
Clause).
(A) risk is equivalent to all the terms of China's insurance clause, a wider scope of its responsibilities, so use of insurance "excluded liability" means outside of all the risks that their insurance coverage.
(B) insurance are substantially equal to W. P. A..
(C) risk equivalent to FPA, but the coverage to the smaller.
(B) insurance and (C) insurance have adopted the manner set out in the risk that their insurance coverage.
Six kinds of risks do not, only the malicious acts insurance, are additional risks do not, can not stand alone insurance, the same structure as the other five risk level, system integrity.
Therefore, in addition to (A), (B), (C) three kinds of insurance can be individually insured other things, if necessary, war risk insurance and to strike agreement with the approval of insurance can also be carried out as an independent risk of other insurance.
